News Releases

LONDON – Barclays Capital today announced a series of promotions within its European Leveraged Finance team to reinforce its position as a market leader within the leveraged market.  These appointments will ensure the team continues to provide a seamless leveraged product offering to clients and investors across the capital structure.

Kirk Harrison and Phil Kelleher, both Managing Directors, have been jointly promoted to the newly created role of Co-Heads of Leveraged Product, reporting to John Kelting, Head of European Leveraged Finance.  They will be taking responsibility for all aspects of leveraged product within the Leveraged Finance business, incorporating senior debt, second lien, mezzanine, high yield and public and private PIK debt.

Within the new structure, Graham Rainbow and Alaric Fountain-Barber will be taking joint responsibility for private leveraged syndicate, and Boris Okuliar will be taking responsibility for public leveraged syndicate.  This will create a closely integrated syndicate team that builds on the firm's product-agnostic approach to providing optimal financing solutions to clients.

Jonathan Hosgood and David Shaw have been jointly promoted to Co-Heads of Sponsor Origination, reporting to John Kelting.  This comes as John Leach, Managing Director, takes a sabbatical from the firm after working in banking for over 20 years.

Commenting on the appointments, John Kelting said:

“I am delighted to be making these promotions across the European Leveraged Finance team.  The changes announced today will provide greater integration and innovation across leveraged products and origination, benefiting our clients and investors.”

Ends

For further information, please contact:
Will Bowen, Barclays Capital Communications +44 (0)20 7773 3250
will.bowen@barclayscapital.com

Notes to editors:

About Leveraged Finance at Barclays Capital

Barclays Capital is a leading arranger and underwriter of debt capital in the international leveraged finance and high yield markets.  The leveraged finance business covers all aspects of debt financing from origination, to structuring, syndication and secondary trading.  A key strength of the business has been its ability to leverage Barclays Capital’s capabilities in financing and risk management, across a range of product areas, amongst them loans, mezzanine, high yield, commodities, securitisation, commercial mortgage backed securities and real estate.

Barclays Capital’s leveraged finance franchise model is comprised of two integrated business areas.  First, a leading origination business focused on the primary client bases: major international private equity firms (financial sponsors), and sub-investment grade public and private companies.  Second, highly experienced product structuring teams integrated with a leading distribution platform which provides access to a broad range of leveraged finance investors.

The Leveraged Finance global teams have extensive client coverage and are responsible for corporate clients, financial sponsor clients, and major international private equity firms. They are focused on delivering innovative debt financing solutions to sponsors contemplating major acquisitions.   The Leveraged Finance division has integrated specialist product structuring and syndication teams that have a host of financing products to address client needs. These include loans, 2nd lien, mezzanine, payment in kind (PIK), high yield bonds, commodities-linked financing, asset-based lending (ABL), acquisition finance as well as strategic and distressed financing. 

The regional teams work closely together with their global counterparts to leverage the firm's global product and distribution capabilities. Industries that are covered range from power and energy, technology and industrials to retail and healthcare.

Globally, the leveraged finance team comprises over 160 front office banking professionals and has an excellent reputation for successfully executing some of the largest and most complex domestic and cross-border transactions.

About Barclays Capital

Barclays Capital is the investment banking division of Barclays Bank PLC which has an AA long-term credit rating and a balance sheet of over £996 billion. With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with solutions to their financing and risk management needs.  Barclays Capital has offices in 26 countries, employs over 13,200 people and has the global reach and distribution power to meet the needs of issuers and investors worldwide.

For further information about Barclays Capital, please visit our website www.barclayscapital.com.

Barclays Capital - the investment banking division of Barclays Bank PLC. Registered in England 1026167. Registered office 1 Churchill Place, London, E14 5HP. Authorised and regulated by the Financial Services Authority and a member of the London Stock Exchange.